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199-Unit Self-Storage Facility
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4085 Thomas St, Memphis, TN 38127

Self-storage property with expansion land and an established unit base in Memphis.

Property Size28,900 SF
Days on Market143

Property Features for 4085 Thomas St

General Information

Standard status Active
Size 28,900 SF
Property subtype Self Storage
Occupancy 88%

Additional Details

Self-Storage Units 199
Listing Agency: Lindsey Self Storage
Listed By: John Lindsey · License #NC
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 29 at 3:02PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lindsey Self Storage

Investment Insights

Based on property information with market context.

This self-storage facility in Memphis contains 28,900 NLSF across 199 units. The property is currently 88% physically occupied and 62% economically occupied, providing a defined operating base for continued management and leasing activity.

Located at 4085 Thomas St in Shelby County, the facility serves a five-mile area with 4.95 SF per capita of existing storage supply. Expansion land is available, adding physical capacity for future development at the site.

Key Highlights

  • 28,900 NLSF self‑storage facility with 199 units
  • 88% physical occupancy and 62% economic occupancy
  • Expansion land available for additional storage capacity

Property Analytics

Current Use

Self storage facilities

Suggested Use

Top Pick Law Firm Restaurant Hair Salon Spa & Massage Center Building Supply Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

88%
Occupancy

Location Intelligence

Trade Area within ½ mile

169
Businesses Nearby

Demographics for 38127, TN

40,679
Population
17,560
Households
2.3
Avg Household Size
33
Median Age
11%
College-Educated
83%
High-School Grad
37.8 sq mi
ZIP Area
1,076
Density / Sq Mi
$37,768
Median Household Income
$31,790
Median Earnings
$1,104
Median Rent
$82,500
Median Home Value

Market

Vacancy Rate% for Industrial in Memphis, TN

5.5% 2019
6.3% 2020
4.8% 2021
4.5% 2022
7.4% 2023
8.8% 2024
8.5% 2025
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Frequently Asked Questions

What type of property is this?
Self storage facility - Self-storage property with expansion land and an established unit base in Memphis.
Where is this self storage facility located?
The property is located at 4085 Thomas St Memphis, TN.
What are key features of this property?
This property features: 28,900 NLSF self‑storage facility with 199 units; 88% physical occupancy and 62% economic occupancy; Expansion land available for additional storage capacity
More about this property
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